Tigo Energy Q4 Revenue Rises 73.8% to $30M, Eliminates $50M Debt
Tigo Energy reported Q4 revenue of $30 million, matching forecasts, marking a 73.8% year-over-year increase and paid off $50 million of convertible debt from cash. Roth MKM holds a Buy rating with a $5 target (53.3% upside), and Northland raised its price target to $5.50 with Outperform.
1. Q4 Financial Results
Tigo Energy delivered fourth-quarter revenue of $30 million, matching consensus forecasts and representing a 73.8% year-over-year increase despite seasonal slowdown in solar installations.
2. Balance Sheet Improvement
The company used cash to retire $50 million of convertible debt due in the next quarter, strengthening its balance sheet and reducing interest obligations.
3. Analyst Ratings and Forecasts
Roth MKM maintained a Buy rating with a $5 target reflecting 53.3% upside, while Northland raised its price target to $5.50 with an Outperform rating after boosting revenue, GAAP EPS and EBITDA estimates.